On February 8, 2018, goNumerical Ltd. (d.b.a. Coinsquare) announced that it had completed a marketed equity financing for total proceeds of approximately $30 million. Coinsquare raised $47.3 million in a little over four months at equity valuations increasing from $30 million to $430 million.
The most recent round of funding will be used to fuel a global growth plan and diversification strategy. Canaccord Genuity Corp. led the financing.
Coinsquare is one of Canada’s leading, most secure trading platforms and digital currency exchanges for the world’s most popular digital currencies. It has since grown to be the premier digital exchange in the country and has raised considerable funds to position itself for international growth.
Fasken Martineau DuMoulin LLP advised Coinsquare with a team that included Craig Brown, Reid Crombie, Daniel Fuke and Ryan Schnier.
Torys LLP advised Canaccord Genuity with a team that included Glen Johnson and Frazer House.